In a significant move to attract foreign investment, Sri Lanka’s President Anura Kumara Dissanayake has invited Vietnam’s prominent conglomerate Vingroup to explore investment opportunities in Sri Lanka. The invitation was made during a high-level meeting in Hanoi with Vingroup’s Vice Chairman and CEO Nguyen Viet Quang.
Vingroup, a diversified conglomerate with business interests spanning manufacturing, real estate, and the electric vehicle (EV) sector, has recently launched Vinfast, an electric vehicle brand, and the Xanh SM taxi service utilizing electric vehicles.
During the meeting, President Dissanayake congratulated Vingroup for its global achievements and for building a diversified brand. He encouraged the company to consider expanding its investments in Sri Lanka’s real estate and tourism sectors, areas that have seen increasing interest from foreign investors.
The President emphasized Sri Lanka’s commitment to providing a smooth and conducive environment for international businesses, making the country an attractive investment destination. He highlighted the government’s readiness to facilitate Vingroup’s potential investments.
This collaboration between Sri Lanka and Vingroup could enhance Sri Lanka’s position in the regional economic landscape, particularly in the fields of real estate development and sustainable transportation with the introduction of EV technologies.